Amazon: the Walmart of the Web?

“The internet giant’s new tablet computer fits its strategy of developing big businesses by charging small prices!

On September 28th Jeff Bezos, Amazon’s boss, unveiled a tablet computer called the Kindle Fire. It will compete with gadgets such as B&N’s Nook Color tablet and Apple’s iPad. Amazon’s decision to undercut its rivals is partly a tactic designed to disrupt the tablet market.

Amazon’s pricing strategy also reflects one of the firm’s core beliefs: cheap stuff makes customers

cheerful. Call it the Walmart of the web.”

(the Economist, October 1, 2011)

Read full article on economist.com

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